Ironic. We spend about a year pursuing the deal at 33% more than FDX offers. We get rejected based upon monopoly fears. Actually, I think it was a good thing that we didn't get approved but it was an expensive and wasteful dance given the break-up fees and other expenses. With the Greece issue front and center in the eyes of the EU, I'm surprised they would want to rule on anything prior to that matter being resolved. But, if they do, UPS will have been made to look silly. In any event, I think UPS needs to spend more in Latin America and the Asian economies to catch up with FDX there. It will take FDX some time to work out the TNT acquisition kinks and hopefully we'll focus or European energies on using that to our advantage.
FDX will let us know first. Hard to believe it won't amount to something vs. revenue/EPS.
They often used the word "imagine." I imagine a stock worth more than the pathetic penny a share and any P/R release that says anything about what they may be up to. Besides the key management people purportedly drawing a paycheck and having nice Washington, DC digs, what the heck is going on? They refuse to respond to e-mails (protecting themselves?) . This investment is one of my most glorious mistakes. I rue the day I read an article about them in the Philadelphia business Journal, discovered their impressive advisory board at the time, actually believed they might be cutting edge (they had a nice McDonald's game contract) in a growing industry and a person SUPPOSEDLY influential in the casino industry. What a colossal mistake on my part.
As the weather conditions remain unstable it's hard to believe this will have no impact on Q2. Like I said, FDX will tell the story later this month.
"Substantial doubt of ability to continue as a going concern." Interesting considering your "FAQS" list you as a "leader " in the industry. BTW, they are trolling for interns should anyone be interested in how to learn what it takes to be part of a pathetically inept company.